Beyond Meat, Inc. (NASDAQ:BYND) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its stake in Beyond Meat, Inc. (NASDAQ:BYND) by 128.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,302,941 shares of the company’s stock after purchasing an additional 733,168 shares during the period. Vontobel Holding Ltd. owned approximately 2.00% of Beyond Meat worth $4,899,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its holdings in Beyond Meat by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 522,894 shares of the company’s stock valued at $3,545,000 after purchasing an additional 7,332 shares in the last quarter. Zweig DiMenna Associates LLC acquired a new stake in Beyond Meat in the 4th quarter valued at $1,746,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Beyond Meat by 16.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,901 shares of the company’s stock valued at $257,000 after buying an additional 5,419 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Beyond Meat by 17.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,469 shares of the company’s stock valued at $178,000 after buying an additional 3,902 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in Beyond Meat in the 3rd quarter valued at about $128,000. 52.48% of the stock is currently owned by institutional investors and hedge funds.

Beyond Meat Price Performance

NASDAQ:BYND opened at $3.95 on Friday. The firm has a 50-day moving average of $3.87 and a two-hundred day moving average of $5.24. The stock has a market cap of $257.55 million, a P/E ratio of -0.94 and a beta of 2.31. Beyond Meat, Inc. has a 1-year low of $3.30 and a 1-year high of $12.12.

Insider Buying and Selling at Beyond Meat

In other Beyond Meat news, insider Ethan Brown sold 313,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $3.75, for a total value of $1,173,750.00. Following the completion of the transaction, the insider now directly owns 1,703,288 shares of the company’s stock, valued at $6,387,330. This represents a 15.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 8.60% of the stock is currently owned by corporate insiders.

About Beyond Meat

Beyond Meat, Inc, a plant-based meat company, develops, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club stores, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.